May 11, 2012

ForEx Trend Rider

Week 9

EUR/USD 15 minute (flat £10 per pip)

 

Note I work with additional filters:

Both MAs below trendline for a sell, or above for a buy

Some degree of separation between the MAs

Don’t trade off a large bar (think this is in the manual anyway) of around 20+ pips long

Don’t trade off a large move in either direction as you should never trade the end of move

 

Date Time Direction Stop Pips  P/L
07-May 10:15 Buy 20 18  £       180.00
07-May 14:15 Buy 17 15  £       150.00
09-May 10:30 Buy 22 -22 -£       220.00
10-May 09:00 Buy 26 -26 -£       260.00

 

Week 9: -15 pips for -£ 150
Overall:  184 pips for £ 1840

 

EUR/USD 4 hour (risking 3% of bank per trade)

Will report in this at end of May.

 

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Filed under Forex,Spread Betting by Arthur

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